Word: shrink
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...economy operating well below its capacity. IBM Vice President David Grove figures that real G.N.P. this year will run 15% below what it could be if the economy used its resources of plant, materials and manpower to full potential. The gap between actual and potential output, he calculates, will shrink only to 13% next year, and even to 11% by 1977. At its peak, in the third quarter of 1973, production was running at less than 2% below capacity...
...Falk become seriously troubled by the apparent contradiction in his position. "To conclude as I had that the United States was waging a war of aggression against North Vietnam and was guilty of the systematic commission of war crimes on a massive scale in South Vietnam, and yet to shrink back from the conclusion that where there are crimes there are also criminals," he wrote in 1971, "seemed to involve a very dubious kind of intellectual casuistry...
Last week U.S. Steel Chairman Edgar Speer predicted that the industry's profits will shrink through the rest of this year and possibly into 1976. Independent experts agree that the party is over; already many mills are operating at only 78% to 80% of capacity and growing numbers of workers are being laid off. In a recent report, Steel Analyst Robert Hageman of the Wall Street brokerage house of Kidder Peabody reckoned that steel shipments this year will fall to about 87 million tons, off 25% from last year. Though some steelmen have been talking up additional price rises...
...Europe's accounts. Italy's trade deficit is expected to drop to $6 billion this year, compared with $10.7 billion in 1974; the nation no longer faces a threat of outright bankruptcy, as it did last fall. The French government estimates that its trade deficit will shrink from $3.7 billion in 1974 to $2.3 billion this year. Even sickly Britain is managing to reduce its huge trade deficits...
...breast reconstruction. One reason was the development by Dr. Thomas Cronin of Houston of an improved implant. Another is the introduction of a newer, though relatively little-used implant that overcomes most of the problems of earlier prostheses. It is divided into three compartments that reduce its tendency to shrink or collapse; the implant also has a fuzzy polyurethane covering that helps hold it in place against the chest wall. "It makes a dramatic difference," says Dr. Randolph Guthrie of New York's Memorial Hospital for Cancer and Allied Diseases...